Lisbon considering Constancio nomination for ECB VP

governadorvitorconstancio

The Portuguese government may nominate Vitor Constancio, the head of the country's central bank, to succeed Lucas Papademos as the European Central Bank's vice president.

Pedro Silva Pereira told reporters on Thursday that the nomination was "a real possibility". Pereira said the proposal had already been discussed at international level, where it had garnered support.

Constancio's second five-year term is not due to end until May 2011 so he would be required to step down a year early to take on

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